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re: Home purchase

Posted on 7/26/12 at 11:17 am to
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6618 posts
Posted on 7/26/12 at 11:17 am to
Trying to get around won't get you penetrated. Getting around it will.
Posted by hawkeye007
Member since Feb 2010
6297 posts
Posted on 7/26/12 at 11:22 am to
its not being lazy its just the fact that FHA loans are not as attractive as they used to be. when you figure in the monlthly PMI payment into a 3.25% rate the true rate on that loan is 4% or higher..
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6618 posts
Posted on 7/26/12 at 11:30 am to
That's what I'm getting at. I wonder how long it will take the brokers to deviate from FHA as their lead card.

Some of the quotes I got on rates were tremendous but just the closing costs and fees (no documented points but I know that shite was fluffed) were double the loan we will close on.

Shame on the borrower if they don't do their HW I guess.
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